Lois Einhorn? Ray Finkle?
“...betting on the possibility of a major currency collapse and a surge in interest rates,...”
maybe he believes his timing will be better than those managing the Harvard Trust that just lost half a BILLION $$.
Thanks for the post.Einhorn is worth following
What’s sad is that when this whole thing goes south, guys like Einhorn, who were sounding the warning, will be blamed for profiting from what they predicted would occur.
Especially if the same party is in charge...
****************************************EXCERPT*************************************
Unlike Japan, the U.S. isn't past the point of no return,
the fund manager stressed. However, he criticized financial-reform proposals pushed by Treasury Secretary Timothy Geithner, arguing they provide a government backstop for the largest institutions, entrenching them further.
No institution should be too big to fail, Einhorn explained.
a cheery little piece. Thanks!
I’m going long in shorts futures..
And when the major banks collapse, how do you cash in your options?
This could mean the Free Trader Globalists will push their one-world currency on us a little sooner that we thought
Related article
The dollar collapse scenario that concerns Einhorn is certainly part of a double edged sword. It could happen, just keep in mind that at this point it has to come from international panic, since Bernanke hasn’t printed any money since February.
The smart way to play this market is to bet on volatility. Which ever way the pendulum is going to swing it is going to swing dramatically. Obviously if there is a dollar collapse, it will be huge. But a strengthening dollar will also be a major move in the other direction. Bet the volatility.
http://www.economicpolicyjournal.com/2009/10/einhorn-currency-death-spiral-ahead.html